Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as
a. unemployed and in the labor force.
b. unemployed but not in the labor force.
c. in the labor force but not unemployed.
d. neither in the labor force nor unemployed.
d
Economics
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In the linear breakeven model, the difference between selling price per unit and variable cost per unit is referred to as:
a. variable margin per unit b. variable cost ratio c. contribution margin per unit d. target margin per unit e. none of the above
Economics
In the long run, firms in a monopolistically competitive market operate at:
A. an efficient scale. B. a less-than-efficient scale. C. a more-than-efficient scale. D. Any of these could be true, depending on the individual firm.
Economics